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GA HB871
Bill
Status
Passed
4/27/2016
Primary Sponsor
Robert Dickey
Click for details
AI Summary
- Redirects the quarterly forwarding of the $3.00 consumer fee collected on each new motor vehicle sale or lease from the Office of Planning and Budget to the Department of Law for deposit in the new motor vehicle arbitration account
- Retains the existing $3.00 fee structure, with dealers continuing to keep $1.00 of each fee to cover administrative costs
- Quarterly payments remain due on July 1, October 1, January 1, and April 1, with dealers required to mail payments by the 20th of each respective month
- Excess funds in the new motor vehicle arbitration account beyond the appropriated amount at the end of each fiscal year continue to be transferred to the general treasury
- Amends Code Section 10-1-791 of the Official Code of Georgia Annotated, relating to the "Georgia Lemon Law"
Legislative Description
"Georgia Lemon Law"; consumer fees forwarded to the Department of Law for deposit in the new motor vehicle arbitration account; require
Last Action
Effective Date
7/1/2016
Full Bill Text
No bill text available